I’ve had several people ask my views / opinions on the recent “up moves” in U.S Treasuries considering the fact that the Fed “suggests” its tapering asset purchases by an additional 10 billion dollars month over month.
So how on Earth do bond prices just keep going higher? Who on Earth would be buying these worthless / fraudulent pieces of toilet paper if not the Fed?
Answer: It is the Fed, only they are doing it via surrogate buyers in Belgium.
Same bullshit – even more deceptive.
I’ll let our good friend Dr. Paul Roberts do what he does best and explain to you “exactly” how this is taking place, as no one could possibly explain it better.
You won’t believe what you’re reading, when you get your head wrapped around “just how desperate” and “just how deceptive” the U.S Federal Reserve is.
http://www.paulcraigroberts.org/2014/05/12/fed-great-deceiver-paul-craig-roberts/
YOU MUST READ THIS ARTICLE
Thanks for Link – absolutely brilliant. Explains exactly what is happening with such clarity – wish I could write like that.
Dr. Paul is the man ya…..and what I love most is that he “is an American and commands such respect, with his completely outspoken view “against” the systems that be.
I share his views on many things, but end up sounding like a “conspiracy type guy” as I’m just a loley gorilla out here in cyberspace.
When Dr Roberts says it – it’s fine.
Short QQQ as well short SPY trades both killing it as well anything “and everything” vs the commods.
Fantastic trading as we’ve exited long USD trades VS EU currencies as of last night / this morning.
Check out the Members site at http://www.forexkong.net
Just a quick update here – looks like “Belgium” bought another $40B in March – crazy!
http://www.zerohedge.com/news/2014-05-15/russia-dumps-20-its-treasury-holdings-mystery-belgium-buyer-adds-another-whopping-40
For the usual home investor / mom n pop…..who “continue” to believe what they see on CNBC / CNN…..a complete and total scam.
The entire U.S market….a complete and total scam, and “juuuuust about ready” to take everyone to the cleaners.
Nice theory but little on evidence. Another thing is if the Fed is really the buyer, and its intention is to prevent a ‘collapse’ of the bond market due to some big holder of TSYs wanting to sell, wouldn’t it be the dumbest thing to do to bid up the bond market now, forcing all the shorts to cover until there is no one left but a boat full of longs? Now that would really ensure a collapse eventually.
Collapse is inevitable in my view.
I’d suggest that’s about the “top” in price and “low” in yield right around here at TLT 115 tops.